On-chain ETH longs' largest unrealized loss expands to around $12 million, with recent additional funding bringing the position to a $127 million size.

BlockBeats News, February 24th. According to Coinbob Popular Address Monitor, the on-chain ETH whale (0xa5b…) currently holds a 15x leveraged ETH long position, with the floating loss expanded to $11.8 million, a loss percentage of 138%. Its current position size is about 70,000 ETH, equivalent to $127 million, with an average entry price of $1991, making it the largest ETH long position address on the Hyperliquid platform.

Yesterday, this address significantly increased its position again at an average price of $1880, adding 10,000 ETH long positions, totaling $18.8 million. Since December last year, it has cumulatively deposited $55 million into Hyperliquid, with the current account funds around $34.3 million, and a fund withdrawal of over $23.8 million in the past 30 days.

This whale had previously established an ETH long position of over a billion dollars at the end of last year and closed it all in February this year, holding about 60,000 ETH. Since then, it has repositioned itself, continuing its trading style of high-volume buying and selling, and swing trading with a volume of over a billion dollars.